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Membership
Welcome
to Excel Boat Club’s 2010 Membership Information
page
In
2010 Excel Boat Club is changing and consolidating
the memberships; lowering the costs and
trying a new payment plan for 2010, based
on comments and feedback from a few `select’
members. We actually named the plan
after two of them, just to make them feel
special since it was their idea. Thus
is born, the Reinemund/Lambert Installment
Plan (RLIP)! In
2010 there will be three set packages. The
Guppy (weekday) and Minnow (1-10) packages
will be priced at $3,799.00. No increase
for the weekday, a three hundred dollar
decrease in the Minnow. The rest of
the packages will be combined into one. The First Mate will be an 11-25 use package
for $4,599.00, a great bargain for anyone
who is considering a larger package.
The
RLIP will work as follows: You may
place down a $500.00 deposit in September
or October to hold your membership. Instead
of looking at a large lump sum payment due
after the Holidays or the dead of winter,
you can make low, monthly, no interest payments
from October 2009 through August 1st, 2010. Thus the $3,799.00 membership, less
the $500.00 deposit, equals $329.90 per
month. The $4,599.00 membership, less the
$500.00 deposit, is $419.90 per month.
All memberships include reciprocity at our Lake Minnetonka
and St. Croix River marinas. And, you can bring friends, family, guests,
children and clients along. We also provide the water toys you’ll need along
with the ropes and life jackets.
If
you have any questions please contact us
by e-mail or either the Lake Minnetonka
location at (952) 401-3880 or the St. Croix
at (651) 430-3118
Season for
2010 Runs May 8-October 10 You can sign up anytime during
the season and your membership is valid for one full year from the time you sign up.
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Level
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Rates*
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# of Uses
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Days of the Week
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Guppy
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$3,799
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12 uses
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Monday-Thursday .
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Minnow
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$3,799
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10 uses
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Any day of the week.
One use per weekend (Friday-Sunday plus holiday weekends)
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First Mate
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$4,599
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11 to 25 uses
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Any day of the week.
One use per weekend (Friday-Sunday plus holiday weekends)
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*Rates include sales tax
and damage kitty
Compare the Cost of Joining Our Club
to Owning a Boat Owning a
boat is great. However if you think you may boat 10 to 20 times a year,
consider your cost per use the the “sweat equity” in owning a boat. You rarely
get back your initial cost when you purchase a boat—new boats lose value very
quickly.
With the
Boat Club, you have the opportunity to drive a variety of beautiful, new boats
and the pleasure of boating without the long-term financial commitment or any
of the work associated with boat ownership. Below,
you’ll find conservative estimates on cost to own a boat over a 5-year period
versus joining the Boat Club. These numbers don’t include any kind of repairs
you are likely to have at some point, your time involved in cleaning, hauling
(gas) and maintaining your boat.
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Costs
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Membership
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23’ Runabout
$35,000
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24’ Deckboat
$45,000
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10% down
payment
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0
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$5,250
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$6,750
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12
monthly payments (5-yr. loan at 9% interest)
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0
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$7,416
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$9,528
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Winter
storage
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0
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$748
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$805
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Winterize
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0
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$150
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$150
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Oil
change
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0
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$80
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$80
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Buff-n-Wax
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0
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$396
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$414
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Slip
Rental ($175/ft.)
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0
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$3860
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$4140
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Insurance
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0
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$500
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$550
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Ropes/Lines
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0
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$48
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$48
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Life jackets
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0
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$75
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$75
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Throwable
cushion
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0
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$20
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$20
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Anchor
and rope
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0
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$75
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$75
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Bottom
(hull) clean
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0
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$209
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$219
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Boat
fenders
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0
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$60
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$60
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Tax,
Title & License
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0
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$1800
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$2500
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First Year Cost
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$3,799 to $4,599
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$20,787
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$25,413
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2nd to 5th
year (per year)
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$3,799 to $4,599
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$13,737
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$16,163
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5-year investment
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$18,995 to $22,995
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$75,734
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$90,067
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5-Yr. boat market value (9% annual
depreciation)
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NA
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$21,841
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$28,081
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Net Expense to own the boat
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NA
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$53,893
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$61,986
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